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Fly News Breaks for April 4, 2019
SHOP
Apr 4, 2019 | 22:23 EDT
Baird analyst Colin Sebastian raised his price target on Shopify to $208 and kept his Outperform rating, saying he remains positive on the stock amid a "favorable secular e-commerce trends and massive online services market opportunity" along with the compay's "mission-critical software positioning and clear leadership". In spite of the intensifying competition, Sebastian notes Shopify is consolidating market share, while its "enterprise/international/merchant services offer incremental growth potential."
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